Tips for a good Due diligence process

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The due diligence process (or “Due Diligence”) is the one that is carried out when you want to evaluate the compliance status of a company, in order to identify the level of risk and opportunities before signing any contract or economic agreement.

Before starting this process, it is important for the interested party to define which are the areas that they wish to evaluate by virtue of the objective that is presumed to be fulfilled, since the due diligence processes can be carried out for some specific areas or for the totality of operations of a company.

Once the scope of the project has been identified, the company interested in carrying it out must designate an adequate budget for the entire process, which goes hand in hand with the results that are presumed to be achieved with the contract or economic agreement that is intended to be executed.

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